NASN Automotive Electronics Valuation, Funding & Investors

NASN Automotive Electronics is valued at $400M as of December 2022.

Last NASN Automotive Electronics valuation

$400M

Series C · Dec 2022

Last NASN Automotive Electronics funding round

$69M

Series D · Dec 2024

Cumulative funding NASN Automotive Electronics raised

$234M

across 5 funding rounds

Key investors in NASN Automotive Electronics

  • Qiming Venture Partners
  • GP Capital
  • Matrix Partners China
  • Hillhouse Investment
  • GL Ventures LLC
  • SDIC Fund Management

NASN Automotive Electronics Overview

About NASN Automotive Electronics

NASN Automotive Electronics is a Chinese auto technology company, founded in 2016 and based in Shanghai, that researches, manufactures, and sells chassis electronic control components for new energy vehicles and intelligent driving. Its products include the NBooster smart brake system, an electronic stability control (ESC) system, the NBC integrated brake system, EPS smart steering, and drive-by-wire chassis solutions for L3/L4 autonomous vehicles. The company mass-produced its first NBooster product in China in 2018, ahead of foreign competitors, and supplies automakers including BAIC New Energy, BYD, Changan, and Great Wall Motors in a chassis control market otherwise dominated by Bosch.


Founded

2016

HQ

ChinaChina

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

Valuation

$400M (Dec 2022)

NASN Automotive Electronics Valuation

NASN Automotive Electronics is currently valued at $400M, based on its Series C in December 2022.

NASN Automotive Electronics valuation by funding round

NASN Automotive Electronics valuation by funding round
DateStageValuation
Dec 2022Series C$400M

NASN Automotive Electronics Funding History

NASN Automotive Electronics has raised a total of $234M across 5 funding rounds.

NASN Automotive Electronics' first fundraising round was a $15M Series A in October 2018. The most recent completed round was a $69M Series D in December 2024.

NASN Automotive Electronics funding rounds

NASN Automotive Electronics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2024Series DSDIC Fund Management (lead); SDIC Juli (lead); Yunhao Capital$69M-NASN Automotive Electronics (NASN) is a Chinese auto tech company founded in 2016, specializing in R&D, production, and sales of chassis electronic control components for new energy vehicles and intelligent driving, including NBooster smart brake system, ESC, NBC integrated brake system, EPS smart steering, and L3/L4 chassis drive-by-wire solutions. In December 2021, it completed a C-round financing of 500 million yuan (~$78.47 million) led by BOCG Investment, GL Ventures, CATL, and CMG-SDIC Capital, with plans to strengthen product development, production expansion, and customer service. The company has partnerships with major automakers like BAIC New Energy, BYD, Changan, and Great Wall Motors, claiming abundant orders and early mass production of NBooster in 2018 ahead of foreign competitors. Proceeds were allocated to enhancing production lines, developing next-generation chassis technologies, and expanding industry footprint. NASN positions itself in the chassis control market dominated by Bosch (~70% share), capitalizing on China's growth in new energy vehicles and automated driving.
Dec 2022Series C-$13M$400MNASN Automotive Electronics is a Shanghai-based manufacturer of chassis electronic control components, focusing on R&D, production, and sales of core technologies for automotive chassis, intelligent driving, and new energy vehicles. Its core products include the NBooster smart brake system, ESC electronic stability control system, NBC integrated smart brake system, EPS smart steering system, and automated driving L3/L4 level chassis drive-by-wire solutions. The company mass-produced its first NBooster product in China in 2018 and has partnerships with leading automakers such as BAIC New Energy, BYD, Changan Automobile, Great Wall Motors, Ford, and GAC New Energy. In December 2021, NASN completed a C-round financing of CNY 500 million (USD 78.47 million), led by CATL, BOCG Investment (BOCGI), GL Ventures, and CMG-SDIC Capital. The funds are designated for new product development, production investment, customer service, R&D, industrialization of drive-by-wire chassis products, market expansion, and brand enhancement. A prior financing round raised CNY 500 million, valuing the company at nearly CNY 1.5 billion (USD 234.75 million). NASN competes in a market dominated by Bosch (70% share in chassis control) and other foreign Tier 1 suppliers, but benefits from China's growth in new energy vehicles and automated driving. The company aims for a Star Market IPO in two to three years and launched brake-by-wire, steering-by-wire, and chassis controller NXU solutions for L3/L4 self-driving vehicles.
Dec 2021Series CGL Ventures LLC (lead); Hillhouse Investment (lead); SDIC Capital; CATL; Bank of China Group Investment$79M-NASN Automotive Electronics is a manufacturer of chassis electronic control components founded in 2016, focusing on R&D of core technologies related to automotive chassis, intelligent driving, and new energy vehicles. The company integrates R&D, production, and sales operations. Its core products include the NBooster smart brake system, ESC electronic stability control system, NBC integrated smart brake system, EPS smart steering system, and automated driving L3/L4 level chassis driven-by-wire solutions. In 2018, NASN mass-produced its first NBooster product in China, achieving market entry earlier than foreign competitors. The company closed a Series C funding round on December 22, 2021, raising 500 million yuan ($78.47 million) jointly invested by BOCG Investment, GL Ventures, CATL, and CMG-SDIC Capital. Founder Tao Zhe revealed that the company had reached agreements with leading automakers including BAIC New Energy, BYD, Changan Automobile, and Great Wall Motors, with abundant orders and accelerating expansion of manufacturing bases. Following the financing round, NASN planned to work with partners to strengthen new product development, production investment, and customer service. Operating in a market dominated by Bosch with approximately 70% market share, NASN is positioned as a domestic competitor capturing opportunities created by rapid development of new energy vehicles and automated driving in China.
Jan 2019Series BMatrix Partners China (lead); Qiming Venture Partners (lead); GP Capital; Maison Capital; Shang Finance$59M--
Oct 2018Series AGP Capital (lead); Qiming Venture Partners (lead)$15M--

Who has invested in NASN Automotive Electronics?

13 investors have backed NASN Automotive Electronics across its funding rounds, including Qiming Venture Partners, GP Capital, Matrix Partners China, Hillhouse Investment, GL Ventures LLC and SDIC Fund Management.

Lead investors include SDIC Fund Management, SDIC Juli, GL Ventures LLC, Hillhouse Investment, Matrix Partners China and 2 other investors.


NASN Automotive Electronics Investors

Investors in NASN Automotive Electronics by funding rounds participated
InvestorHQRoundsRoleFirst check
GP CapitalChinaShanghai2LeadOct 2018
Qiming Venture PartnersChinaShanghai2LeadOct 2018
Yunhao CapitalChinaHangzhou1ParticipantDec 2024
Matrix Partners ChinaChinaBeijing1LeadJan 2019
SDIC Fund ManagementChinaBeijing1LeadDec 2024
SDIC JuliChinaShanghai1LeadDec 2024
GL Ventures LLCChinaBeijing1LeadDec 2021
Maison CapitalChinaShenzhen1ParticipantJan 2019
Hillhouse InvestmentSingaporeSingapore1LeadDec 2021
SDIC CapitalChinaShanghai1ParticipantDec 2021
CATLChinaNingde1ParticipantDec 2021

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NASN Automotive Electronics Competitors

NASN Automotive Electronics competitors include listed companies like Aeva and Arbe Robotics, and private ones like MAXIEYE, Motovis, Nebula Link and Luminar.

Public and private companies comparable to NASN Automotive Electronics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MAXIEYEChinaChinaPrivate--$447M-
MotovisChinaShanghaiPrivate--$315M-
Nebula LinkChinaBeijingPrivate--$261M-
LuminarUnited StatesOrlando, FLPrivate$13M-$900M69.2x
AevaUnited StatesUnited StatesPublicly listed$18M($139M)$1.1B35.6x
Arbe RoboticsChinaChinaPublicly listed$1M($48M)$86M22.0x

NASN Automotive Electronics Public Comps

NASN Automotive Electronics is still privately-owned, but its public comps include DSC Holdings, Serve Robotics, Cerence, SaverOne, Swarmer, Volatus Aerospace, People & Technology, Altınay Savunma, Palladyne AI and Broadleaf.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DSC Holdings$101M($10M)3.3x-(34.3x)-
Serve Robotics$3M($104M)55.5x19.3x(1.4x)(1.0x)
Cerence$252M$8M1.7x1.4x52.9x6.2x
SaverOne$335K($9M)1041.3x-(37.0x)-
Swarmer$310K($8M)1023.2x101.7x(37.3x)(29.1x)
Volatus Aerospace$25M($8M)12.5x11.1x(37.6x)(38.6x)
People & Technology$542M$77M1.2x1.2x8.8x11.5x
Altınay Savunma$65M$9M5.6x-38.3x-

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Common questions about NASN Automotive Electronics

When was NASN Automotive Electronics founded?NASN Automotive Electronics was founded in 2016.
Where is NASN Automotive Electronics headquartered?NASN Automotive Electronics is headquartered in China.
Is NASN Automotive Electronics publicly listed?No, NASN Automotive Electronics is a private, VC-backed company.
What is NASN Automotive Electronics' valuation?NASN Automotive Electronics was last valued at $400M in its Series C in December 2022.
How much funding has NASN Automotive Electronics raised?NASN Automotive Electronics has raised $234M across 5 funding rounds.
What was NASN Automotive Electronics' last funding round?NASN Automotive Electronics' last funding round was a $69M Series D in December 2024, led by SDIC Fund Management and SDIC Juli.
Who are NASN Automotive Electronics' investors?NASN Automotive Electronics' investors include GP Capital, Qiming Venture Partners, Yunhao Capital, Matrix Partners China, SDIC Fund Management, SDIC Juli, GL Ventures LLC, Maison Capital, Hillhouse Investment, SDIC Capital and 3 others.
Which companies are comparable to NASN Automotive Electronics?Companies comparable to NASN Automotive Electronics include MAXIEYE, Motovis, Nebula Link, Luminar, Aeva and Arbe Robotics.

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